HomeMy WebLinkAboutReso 2013-012RESOLUTION NO. 2013-012
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A PURCHASE AND SALE
AGREEMENT WITH PACIFICA LLC TO ACQUIRE 610 BAY
BOULEVARD FOR $1.4 MILLION PLUS DUE DILIGENCE
AND CLOSING COSTS AND AUTHORIZING THE CITY
MANAGER TO ACCEPT ASSIGNMENT OF THE LEASE
AGREEMENT WITH PACIFIC TRUST BANK AND
APPROPRIATING FUNDS ACCORDINGLY
WHEREAS, the City of Chula Vista (City) and the San Diego Unified Port District
(District), in a collaborative effort with the community began working on a comprehensive Chula
Vista Bayfront Master Plan in 2002; and
WHEREAS, on May 18, 2010, the District and City adopted the Final Environmental
Impact Report (UPD# 833-EIR-658; SCH No. 2005081077) for the Chula Vista Bayfront Master
Plan; and
WHEREAS, Phase I project level components will increase the demand for fire
protection services due to the change in land uses and in order to address this impact a fire
station must be constructed, staffed and operational prior to the issuance of any certificate of
occupancy for the Resort Conference Center (RCC) and prior to issuance of the first building
permit for the residential development on Pazcels H-13 and H-14; and
WHEREAS, one of the site specific development projects that was analyzed at the project .
level of detail was the construction of a new fire station; and
WHEREAS, in order to ensure the public services are available commensurate with
development staff has identified 610 Bay Blvd as a feasible location for a temporary fire station
to service the bayfront and has the potential to be the site of the new permanent fire station No.
11; and
WHEREAS, 610 Bay Boulevard became available in early October at an asking price of
approximately $2 million; and
WHEREAS, in early December, the seller reduced the asking price by $600,000
representing a thirty percent (30%) reduction from the initial asking price, provided a buyer
could close the purchase by December 31, 2012; and
WHEREAS, after learning of the reduction in price staff immediately began working
with the Planning Division, Public Works Department; Finance Department, Building Division,
Attorney's Office and the Fire Department to determine the suitability of this location as a
temporary, and potentially permanent, fire station; and
Resolution No. 2013-012
Page No. 2
WHEREAS, the initial feedback from all departments was that this site would work for a
temporary, and potentially permanent, fire station; and
WHEREAS, after the site visit and upon receiving direction from the City Council, staff
requested that Pacifica Companies (Pacifica) perform the necessary due diligence and based on
the results of the due diligence proceed to acquire the site in accordance with the timeline
proposed by the seller; and
WHEREAS, the result of the due diligence investigations were positive and Pacifica
closed on the property on December 31, 2012; and
WHEREAS, it is the City's desire to purchase the site from Pacifica for the price paid
plus due diligence expenses and closing costs and it is Pacifica's desire to sell the site to the City
for the price paid plus due diligence expenses and closing costs; and
WHEREAS, the City anticipates that this property will be used for an interim and
potentially permanent fire station and the General Fund will be reimbursed for the cost of the
property through revenues generated from the bayfront as identified in the Bayfront Financing
Agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista, hereby approves the purchase and sale agreement with Pacifica LLC to acquire 610 Bay
Boulevard, in the form presented to the City Council, as may have been modified by the Council
prior to its approval, a copy of which is on file in the Office of the City Clerk, and authorizes the
City Manager to execute all required documents and to accept the assignment of the current lease
agreement with Pacific Trust Bank and authorizes the following appropriations to the Non-
Departmental budget:
• $1,430,000 to the Capital expenses category from available General Fund
reserves,
• $27,600 to the Non CIP expense category for a newly created Non-CIP project
from unanticipated lease revenues.
Presented by Approved as to form by
. ., AICP Glen R. oogins
Manager/Director of rney
Services
Resolution No. 2013-012
Page No. 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 5th day of February 2013 by the following vote:
AYES: Councilmembers: Aguilaz, Bensoussan, Ramirez, Salas and Cox
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
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Cheryl Cox, yor
ATTEST:
Donna R. Norris, CMC, City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2013-012 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 5th day of February 2013.
Executed this 5th day of February 2013.
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Donna R. Norris, CMC, City Clerk